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WEST LAFAYETTE, Ind. (WLFI) — West Lafayette city leaders are setting up a 25 year vision for development.
It's all part of the plan to encourage investment along the 231 Purdue Economic Development Area.
Both Purdue University and the Purdue Research Foundation own land in the district. It's located along U.S. 231 on the city's west side.
The foundation is investing about $113 million in infrastructure improvements.
The plan is for the work to take place in five year increments.
Development director Erik Carlson said the city will reimburse the research foundation with tax increment financing.
Carlson said the changes will spark interest in investors.
"The incentive will come with putting these roads in place, putting sidewalks in place to get people to and from these buidlings when they're built," he explained.
Carlson says the Purdue Research Foundation has a master plan for the area. He said it will release it sometime within the next couple of weeks.
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